First Mining Gold Corp 6-K, filed Feb 11, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-02-11
For: 2020-02-11
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April 07, 2026
About this 6-K
First Mining Gold Corp filed this 6-K on February 11, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of
February 2020
Commission File Number: 000-55607
First Mining Gold
Corp.
(Translation of registrant's name into English)
(Translation of registrant's name into English)
Suite
1800, 925 West Georgia
Street, Vancouver, B.C., V6C3L2
(Address of principal executive office)
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form
40-F.
Form 20-F [ ]
Form 40-F [ X ]
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): [ ]
SUBMITTED
HEREWITH
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Exhibits
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First Mining Announces Completion of Drill
Program at the Miller Prospect, Further Drilling at the Goldlund
Main Zone, and Director Resignation
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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First Mining Gold
Corp.
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(Registrant)
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Date: February 11, 2020
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/s/ Samir
Patel
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Samir Patel
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Corporate Counsel and Corporate
Secretary
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Exhibit
99.1
NEWS RELEASE
First Mining Announces Completion of Drill Program at the Miller
Prospect, Further Drilling at the Goldlund Main Zone, and Director
Resignation
Intersects 2.23 g/t Gold over 33.0 Metres at the Miller Prospect on
the Goldlund Property
February 11, 2020 – Vancouver, BC – First Mining Gold
Corp. (“First Mining” or the
“Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT:
FMG) is pleased to announce the remaining results from the drill
program completed at the Miller prospect (“Miller”).
Miller forms part of the Company’s wholly-owned Goldlund
property (“Goldlund”) in Ontario, Canada and is located
10 kilometres northeast and along strike of the current resource
area at Goldlund.
Latest highlights from holes drilled at Miller
include:
●
Hole MI-19-040
intersected 1.35 grams per tonne gold (“g/t Au”) over
59.0 metres (“m”)
o
Including 2.23 g/t
Au over 33.0 m and 44.07 g/t Au over 1.0 m
●
Hole MI-19-034
intersected 1.62 g/t Au over 12.0 m
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Including 18.07 g/t
Au over 1.0 m
Dan
Wilton, CEO of First Mining, stated “We are pleased with the
results of the drill program that we have completed at Miller and
believe that the results showcase the potential for Goldlund to
host multiple gold deposits within close proximity of the currently
defined resource area at the project. We believe we have now
delineated the boundaries of mineralization at Miller to the
southwest and will look to further our understanding of the extent
of mineralization to the northeast, as well as potential parallel
zones. Drilling on the broader property continues and is currently
underway within and around the defined resource area at Goldlund
(“Main Zone”). We are confident in the potential to
expand the existing resource base at the Main Zone, as well as the
potential to define additional resources on the property through
further regional exploration.”
The holes highlighted in this
news release consist of the remaining step-out and infill holes
drilled at Miller in 2019. In total, since drilling first commenced
on the Miller prospect in 2018, a total of 40 holes (7,386 metres)
have been drilled, outlining mineralization over a strike length of
approximately 450 metres.
The
remaining holes at Miller were drilled primarily to delineate the
extent of the main mineralized zone towards the southwest, with
eleven holes (MI-19-025 to MI-19-030, and MI-19-032 to MI-19-036)
targeting this southwest extension. Holes MI-19-035 and MI-19-036
appear to indicate the end of this particular zone of
mineralization in the southwest direction. Holes MI-19-031 and
MI-19-039 were exploratory holes drilled to test potential parallel
structures, and hole MI-19-040 was an infill hole in the centre of
the Miller zone which encountered significant mineralization (1.35
g/t Au over 59.0 m). Holes MI-19-037 and MI-19-038 were drilled to
test geophysical targets that indicated a possible northeast
extension of Miller; hole MI-19-037 intercepted gold mineralization
in gabbro (0.17 g/t Au over 15.0 m) which, although lower grade
than that found in some of the earlier Miller holes, demonstrates
that this northeast area may still be a viable target for follow-up
soil and rock sampling.
The
2019 drill program at Miller consisted of 32 drill holes for a
total of 6,130 metres. Drilling was completed using approximate 25
metre spacing. This news release incorporates new results from 16
of the 32 completed holes (following on from the Company’s
November
19, 2019 and September 25,
2019 news releases
which announced the results of the previous holes from the 2019
Miller drill program).
Select
assay results from the last sixteen holes of the Miller drill
program are reported in the table below:
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Hole ID
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From (m)
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To (m)
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Length (m)
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Au g/t
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Target
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MI-19-025
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53.0
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64.0
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11.0
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0.61
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Miller
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including
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58.0
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59.0
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1.0
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1.89
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and including
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63.0
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64.0
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1.0
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4.54
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and
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84.0
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85.0
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1.0
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3.86
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and
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101.0
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106.0
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5.0
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0.81
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including
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104.0
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105.0
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1.0
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2.04
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MI-19-027
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21.0
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22.0
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1.0
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1.69
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Miller
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and
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100.0
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107.0
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7.0
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1.50
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including
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106.0
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107.0
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1.0
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4.64
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MI-19-028
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59.0
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77.0
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18.0
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0.81
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Miller
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including
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59.0
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61.0
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2.0
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1.27
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and including
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69.0
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77.0
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8.0
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1.48
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and including
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70.0
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71.0
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1.0
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7.51
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MI-19-030
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36.0
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40.0
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4.0
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4.03
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Miller
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including
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38.0
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39.0
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1.0
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15.33
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and
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48.0
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83.0
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35.0
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0.25
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including
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61.0
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63.0
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2.0
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1.62
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MI-19-034
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129.0
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141.0
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12.0
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1.62
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Miller
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including
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133.0
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134.0
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1.0
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18.07
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MI-19-040
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60.0
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119.0
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59.0
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1.35
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Miller
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including
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60.0
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93.0
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33.0
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2.23
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and including
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60.0
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62.0
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2.0
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5.91
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and including
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78.0
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93.0
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15.0
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3.88
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and including
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80.88
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81.88
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1.0
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6.83
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and including
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86.88
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87.88
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1.0
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44.07
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Notes:
● Assaying
for the Miller drill program was completed by SGS Canada Inc.
(“SGS”) at their laboratory in Lakefield, Ontario.
Prepared 50 g samples were analyzed for gold by lead fusion fire
assay with an atomic absorption spectrometry finish. Multi-element
analysis was also completed on selected holes by two-acid aqua
regia digestion with ICP-MS and AES finish
● Reported
widths are drilled core lengths; true widths are unknown at this
time. Assay values are uncut
● Intervals
for holes MI-19-025, MI-19-032, MI-19-034 and MI-19-040 include
results of selected assay repeats. These repeats were done by
screened metallic fire assay on 1 kg size samples at the SGS
laboratory in Lakefield
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Drill Result Details
A plan
map showing the 2018 and 2019 drill hole locations at Miller can be
viewed at: https://www.firstmininggold.com/_resources/maps/2020-02-11-Goldlund-NR-Plan-Map.pdf.
A
complete list of the 2019 drill results to date, including hole
details, can be viewed at: https://www.firstmininggold.com/_resources/maps/2020-02-11-FF-NR-Goldlund-2019-Drill-Results.pdf.
A map
showing the district-scale and regional targets at Goldlund can be
viewed at: https://www.firstmininggold.com/_resources/maps/2019-06-FF-Goldlund-Regional-District.pdf.
Drill Hole Locations
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Hole ID
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Azimuth ⁰
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Dip ⁰
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Final Depth (m)
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UTM East
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UTM North
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MI-19-025
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140
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-65
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176
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554220
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5533373
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MI-19-026
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140
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-60
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161
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554252
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5533408
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MI-19-027
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140
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-60
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128
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554297
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5533437
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MI-19-028
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140
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-45
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125
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554297
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5533437
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MI-19-029
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135
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-70
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203
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554335
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5533480
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MI-19-030
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140
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-45
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113
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554335
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5533480
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MI-19-031
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315
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-45
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185
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554273
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5533529
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MI-19-032
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0
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-90
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212
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554367
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5533434
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MI-19-033
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0
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-90
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155
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554306
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5533372
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MI-19-034
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0
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-90
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179
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554251
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5533338
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MI-19-035
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325
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-45
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200
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554240
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5533232
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MI-19-036
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325
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-65
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197
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554240
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5533232
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MI-19-037
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27
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-45
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287
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554845
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5533592
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MI-19-038
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106
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-45
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185
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554843
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5533591
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MI-19-039
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108
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-45
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185
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554614
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5533526
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MI-19-040
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287
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-45
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212
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554616
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5533525
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The
drill program at Goldlund has now moved from the Miller Zone to the
Goldlund Main Zone area, and an initial 23-hole (approximately
4,000 metre) drill program is already underway, with a focus on
defining and extending mineralization in the eastern portions of
Zones 1, 2, 3 and 4.
A
further review of regional targets is also ongoing, including
identifying new geophysical targets for potential follow-up work
which may include geological mapping, rock sampling, and/or
drilling.
Director Departure
The
Company announces the resignation of Dr. Christopher Osterman from
the Company’s Board of Directors (the “Board”).
Keith Neumeyer, Chairman of the Board, stated: “I would like
to thank Chris for all of his contributions to the Company and to
the Board since First Mining’s inception at the end of March
2015. Chris has been a valuable member of the Board and we wish him
great success in his future endeavours."
QA/QC Procedures
The
QA/QC program for the 2019 drilling program at Miller consisted of
the submission of duplicate samples and the insertion of Certified
Reference Materials and blanks at regular intervals. These were
inserted at a rate of one standard for every 20 samples (5% of
total) and one blank for every 30 samples (3% of total). The
standards used in the 2019 Miller drilling program range in grade
from 0.5 g/t Au to 9.0 g/t Au, and were sourced from CDN Resource
Laboratories in Langley, BC. Blanks have been sourced locally from
barren granitic material.
Field
duplicates from quartered core, as well as 'coarse' or 'pulp'
duplicates taken from coarse reject material or pulverized splits,
were also submitted at regular intervals with an insertion rate of
4% for field duplicates and 4% for coarse or pulp duplicates.
Additional selected duplicates are being submitted to an umpire lab
for check assaying. SGS also undertakes its own internal coarse and
pulp duplicate analysis to ensure proper sample preparation and
equipment calibration.
Qualified Person
Hazel
Mullin, P.Geo., Director, Data Management and Technical Services of
First Mining, is a “Qualified Person” for the purposes
of NI 43-101, and she has reviewed and approved the scientific and
technical disclosure contained in this news release.
About First Mining Gold Corp.
First
Mining Gold Corp. is an emerging development company with a
diversified portfolio of gold projects in North America. Having
assembled a large resource base of 7.4 million ounces of gold in the
Measured and Indicated
categories and 3.8 million
ounces of gold in the Inferred category in mining friendly
jurisdictions of eastern Canada, First Mining is now focused on
advancing its material assets towards a construction decision and,
ultimately, to production. The Company currently holds a portfolio
of 24 mineral assets in Canada, Mexico and the United
States.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel
W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Mal
Karwowska |
Vice President, Corporate Development & Investor
Relations
Direct:
604.639.8824 | Toll Free:
1.844.306.8827 | Email:
info@firstmininggold.com
www.firstmininggold.com
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking
information” and "forward-looking statements”
(collectively "forward-looking statements”) within the
meaning of applicable Canadian and United States securities
legislation including the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
made as of the date of this news release. Forward-looking
statements are frequently, but not always, identified by words such
as "expects”, "anticipates”, "believes”,
“plans”, “projects”, "intends”,
"estimates”, “envisages”, "potential”,
"possible”, “strategy”, “goals”,
“objectives”, or variations thereof or stating that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions.
Forward-looking statements in this news release relate to future
events or future performance and reflect current estimates,
predictions, expectations or beliefs regarding future events and
include, but are not limited to, statements with respect to: (i)
the potential for Goldlund to host multiple gold deposits within
close proximity of the currently defined resource area at the
project; (ii) the potential for resource growth at Goldlund, both
at the Goldlund Main Zone, and at other areas of the property
through further regional exploration; (iii) the Company’s
belief that it has delineated the boundaries of mineralization at
Miller to the southwest; (iv) the Company’s plans to further
its understanding of the extent of mineralization to the northeast
and potential parallel zones; (v) the northeast area at Miller
still being a viable target for follow-up soil and rock sampling;
(vi) defining and extending mineralization in the eastern portions
of Zones 1, 2, 3 and 4; (vii) the Company’s focus on
advancing its material assets towards production; and (viii)
realizing and unlocking the value of the Company’s gold
projects for the Company’s shareholders. All forward-looking
statements are based on First Mining's or its consultants' current
beliefs as well as various assumptions made by them and information
currently available to them. There can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Forward-looking statements reflect the beliefs,
opinions and projections on the date the statements are made and
are based upon a number of assumptions and estimates that, while
considered reasonable by the respective parties, are inherently
subject to significant business, economic, competitive, political
and social uncertainties and contingencies. Many factors, both
known and unknown, could cause actual results, performance or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation: the presence of
and continuity of metals at Goldlund at estimated grades; success
in realizing proposed drilling programs; fluctuations in the spot
and forward price of gold, silver, base metals or certain other
commodities; fluctuations in the currency markets (such as the
Canadian dollar versus the U.S. dollar); changes in national and
local government, legislation, taxation, controls, regulations and
political or economic developments; risks and hazards associated
with the business of mineral exploration and exploration drilling
programs, development and mining (including environmental hazards,
industrial accidents, unusual or unexpected formations, pressures,
cave-ins and flooding); the presence of laws and regulations that
may impose restrictions on mining; employee relations;
relationships with and claims by local communities, indigenous
populations and other stakeholders; availability and increasing
costs associated with mining inputs and labour; the speculative
nature of mineral exploration and development; title to
properties.; and the additional risks described in the
Company’s Annual Information Form for the year ended December
31, 2018 filed with the Canadian securities regulatory authorities
under the Company’s SEDAR profile at www.sedar.com, and in
the Company’s Annual Report on Form 40-F filed with the SEC
on EDGAR.
First Mining cautions that the foregoing list of factors that may
affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to First
Mining, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
First Mining does not undertake to update any forward-looking
statement, whether written or oral, that may be made from time to
time by the Company or on our behalf, except as required by
law.
Cautionary Note to United States Investors
This news release has been prepared in accordance with the
requirements of the securities laws in effect in Canada, which
differ from the requirements of U.S. securities laws. Unless
otherwise indicated, all resource and reserve estimates included in
this news release have been prepared in accordance with NI 43-101
and the Canadian Institute of Mining, Metallurgy, and Petroleum
2014 Definition Standards on Mineral Resources and Mineral
Reserves. NI 43-101 is a rule developed by the Canadian Securities
Administrators which establishes standards for all public
disclosure an issuer makes of scientific and technical information
concerning mineral projects. Canadian standards, including NI
43-101, differ significantly from the requirements of the SEC, and
mineral resource and reserve information contained herein may not
be comparable to similar information disclosed by U.S. companies.
In particular, and without limiting the generality of the
foregoing, the term "resource” does not equate to the term
"reserves”. Under U.S. standards, mineralization may not be
classified as a "reserve” unless the determination has been
made that the mineralization could be economically and legally
produced or extracted at the time the reserve determination is
made. The SEC's disclosure standards normally do not permit the
inclusion of information concerning "measured mineral
resources”, "indicated mineral resources” or "inferred
mineral resources” or other descriptions of the amount of
mineralization in mineral deposits that do not constitute
"reserves” by U.S. standards in documents filed with the SEC.
Investors are cautioned not to assume that any part or all of
mineral deposits in these categories will ever be converted into
reserves. U.S. investors should also understand that "inferred
mineral resources” have a great amount of uncertainty as to
their existence and great uncertainty as to their economic and
legal feasibility. It cannot be assumed that all or any part of an
"inferred mineral resource” will ever be upgraded to a higher
category. Under Canadian rules, estimated "inferred mineral
resources” may not form the basis of feasibility or
pre-feasibility studies except in rare cases. Investors are
cautioned not to assume that all or any part of an "inferred
mineral resource” exists or is economically or legally
mineable. Disclosure of "contained ounces” in a resource is
permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does
not constitute "reserves” by SEC standards as in-place
tonnage and grade without reference to unit measures. The
requirements of NI 43-101 for identification of "reserves”
are also not the same as those of the SEC, and reserves reported by
the Company in compliance with NI 43-101 may not qualify as
"reserves” under SEC standards. Accordingly, information
concerning mineral deposits set forth herein may not be comparable
with information made public by companies that report in accordance
with U.S. standards.